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Corporation
ELECTRONICS | Chips & Semiconductors / Semiconductors: Sensors
flir.com

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Investments

8

Portfolio Exits

3

Partners & Customers

10

Service Providers

1

About FLIR Systems

FLIR Systems designs, manufactures, and markets sensor systems that enhance perception and awareness. Its advanced thermal imaging and threat detection systems are used for a variety of imaging, thermography, and security applications.On May 14th, 2021, FLIR Systems was acquired by Teledyne at a valuation of $8000M.

FLIR Systems Headquarter Location

27700 Southwest Parkway Avenue

Wilsonville, Oregon, 97070,

United States

503-498-3547

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Expert Collections containing FLIR Systems

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find FLIR Systems in 1 Expert Collection, including Drones.

D

Drones

52 items

Drones are defined broadly to include software and hardware companies developing technologies related to unmanned aerial, marine, and/or land vehicles designed for unstructured environments. These technologies range from the manufacturing of drones to the analysis of data collect

Latest FLIR Systems News

Delivery Drone Services Global Market Report 2021: COVID-19 Implications and Growth

Sep 9, 2021

Implications and Growth" - https://www.reportlinker.com/p06144622/?utm_source=GNW , Rakuten Drone, and JD.COM. The global delivery drone services market is expected to grow from $1.57 billion in 2020 to $2.02 billion in 2021 at a compound annual growth rate (CAGR) of 28.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $5.32 billion in 2025 at a CAGR of 27.4%. The delivery drone services market consists of sales of drone services by entities (organizations, sole traders, and partnerships) that are engaged in providing contactless delivery services.Delivery drones are unmanned aerial vehicles (UAVs) capable of carrying lightweight packages. The delivery drone service providers offer advanced services that help in various applications such as e-commerce, medical aids, food delivery, and others. The different package sizes of delivery drone services are less than 2kg, 2kg to 5kg, more than 5kg.Delivery drones can deliver services in different ranges including less than or equals to 25 Km and more than 25 Km. Drones are used to deliver various products including e-commerce goods, medical aids, food delivery, and others.E-commerce allows companies and individuals to buy and sell goods online. Delivery drone services help companies in faster and contact-less delivery of goods to the consumers. Asia-Pacific was the largest region in the delivery drone services market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Rising approvals are shaping the delivery drone services market.Over the last several years, drones have become extremely prevalent as many individuals and organizations are completely accepting and incorporating this technology into their business model. For instance, in April 2019, Wing, the drone shipping firm operated by Google’s parent company Alphabet, became the first US organization to receive permission from the Federal Aviation Authority (FAA) to start testing deliveries. It has collaborated with Walgreens, which has a store across 78% of the US population within 5 miles, this means that almost 80% of the US would be in the range of Wing services if and when the technology was more extensively deployed. In January 2019, FLIR, a US-based commercial company specializing in the design and production of thermal imaging cameras, components, and imaging sensors acquired Aeryon Labs for $200 million.With this acquisition, FLIR Systems will combine its current products with drone technology to provide solutions to several various issues. Aeryon Labs is a Canada-based company that provides drone delivery services. The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the delivery drone services market in the coming years.During COVID-19, contactless distribution is expanding and drones play a crucial role in ensuring the companies and clients contact as little as needed. Drones are heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to the population under lockdown.For instance, in March 2021, Gavi, an international organization that aimed at increasing vaccine equality around the world revealed that Zipline, a US-based company that designs, manufactures, and operates delivery drones has teamed with the Government of Ghana to assist delivery of the much-anticipated COVAX vaccinations. Zipline has been an important part of Ghana’s health system, particularly when it came to providing much-needed support for COVID-19 testing in remote areas during the pandemic’s peak. The countries covered in the delivery drone services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

FLIR Systems Investments

8 Investments

FLIR Systems has made 8 investments. Their latest investment was in Providence Photonics as part of their Corporate Minority on November 11, 2019.

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FLIR Systems Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/27/2019

Corporate Minority

Providence Photonics

$2M

Yes

Undisclosed Investors

2

11/12/2019

Corporate Minority

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$99M

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10

4/10/2019

Corporate Minority

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$99M

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10

8/27/2018

Corporate Minority

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$99M

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10

3/6/2018

Corporate Minority

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$99M

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10

Date

11/27/2019

11/12/2019

4/10/2019

8/27/2018

3/6/2018

Round

Corporate Minority

Corporate Minority

Corporate Minority

Corporate Minority

Corporate Minority

Company

Providence Photonics

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Amount

$2M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Undisclosed Investors

Sources

2

10

10

10

10

FLIR Systems Portfolio Exits

3 Portfolio Exits

FLIR Systems has 3 portfolio exits. Their latest portfolio exit was Seahorse Bioscience on September 09, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/9/2015

Acquired

$991

1

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/9/2015

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

10

FLIR Systems Acquisitions

16 Acquisitions

FLIR Systems acquired 16 companies. Their latest acquisition was Altavian on December 02, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/2/2020

Loan

$0.7M

Acquired

2

10/2/2019

Series B - II

$46.46M

Asset Sale

4

2/11/2019

Acq - Fin

$991

Acquired

4

1/28/2019

Growth Equity

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$991

$99M

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10

9/11/2018

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$99M

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10

Date

12/2/2020

10/2/2019

2/11/2019

1/28/2019

9/11/2018

Investment Stage

Loan

Series B - II

Acq - Fin

Growth Equity

Companies

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Valuation

$991

$991

Total Funding

$0.7M

$46.46M

$99M

$99M

Note

Acquired

Asset Sale

Acquired

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Sources

2

4

4

10

10

FLIR Systems Partners & Customers

10 Partners and customers

FLIR Systems has 10 strategic partners and customers. FLIR Systems recently partnered with U.S. Army on May 5, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

5/7/2021

Client

U.S. Army

United States

US Army awards FLIR Systems contract for Black Hornet 3 palm-sized UAVs

The US Army has awarded FLIR Systems a USD15 .4 million contract to procure Black Hornet 3 palm-sized unmanned aerial vehicle , according to a company statement .

1

5/4/2021

Client

U.S. Army

United States

1

4/23/2021

Client

U.S. Army

United States

Unmanned Ground Vehicles Market Trends, Growth, Share, Size and 2025 Forecast Research Report 2027

FLIR Systems 's latest collaboration with the US Army will not just benefit the company but will have a direct impact on the growth of the market in the coming years .

1

3/24/2021

Vendor

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10

2/23/2021

Vendor

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10

Date

5/7/2021

5/4/2021

4/23/2021

3/24/2021

2/23/2021

Type

Client

Client

Client

Vendor

Vendor

Business Partner

U.S. Army

U.S. Army

U.S. Army

Country

United States

United States

United States

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News Snippet

US Army awards FLIR Systems contract for Black Hornet 3 palm-sized UAVs

The US Army has awarded FLIR Systems a USD15 .4 million contract to procure Black Hornet 3 palm-sized unmanned aerial vehicle , according to a company statement .

Unmanned Ground Vehicles Market Trends, Growth, Share, Size and 2025 Forecast Research Report 2027

FLIR Systems 's latest collaboration with the US Army will not just benefit the company but will have a direct impact on the growth of the market in the coming years .

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Sources

1

1

1

10

10

FLIR Systems Service Providers

1 Service Provider

FLIR Systems has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

FLIR Systems Team

7 Team Members

FLIR Systems has 7 team members, including current Chief Executive Officer, President, Earl R Lewis.

Name

Work History

Title

Status

Earl R Lewis

Chief Executive Officer, President

Current

Carol Lowe

Executive Vice President

Current

Hans Kobler

Digital Power Capital, GE Capital, and Bain & Company

Founder

Former

John Baumann

Chief Financial Officer

Former

Kelly Knox

KPMG, Merant, and Knowledge Universe

Chief Financial Officer

Former

Name

Earl R Lewis

Carol Lowe

Hans Kobler

John Baumann

Kelly Knox

Work History

Digital Power Capital, GE Capital, and Bain & Company

KPMG, Merant, and Knowledge Universe

Title

Chief Executive Officer, President

Executive Vice President

Founder

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Former

Former

Former

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